When you’re exploring financing options like 504 SBA loans for your business, one of the key factors lenders look at is your net worth. But what exactly does that mean? Your net worth is simply the value of everything your business owns, minus the total liabilities or debts. This provides a snapshot of the financial … Continued
If you are a small business owner, CDC loans are a topic in which you should become an expert. According to the Small Business Administration (SBA), only 48% of small business owners can meet their financing needs. Fortunately, CDC loans can be a solution. Here is what you need to know. 1. What Is a … Continued
Customers continuously praise the friendly crew of Cross & Lincoln for their incredible workmanship and customer service.
Entrepreneurs Stanley Schafer, John Harte and Barbara Pappas-Harte have constructed the best drive-up storage units in the Brighton area.
Owner Mike Lintz had no idea back in 2014 by offering to cater a luncheon for his church he’d become a business owner. His barbecued pulled pork received so much positive feedback it inspired him to purchase his first smoker. By word of mouth, he was cooking for open houses, family occasions and eventually weddings … Continued
For enthusiastic entrepreneurs across America, the allure of running your own small business remains magnetic. However, securing sufficient capital is one of the toughest early obstacles. In fact, inadequate capitalization leads directly to high rates of company failures. Clearly, capital matters – but not all funding sources are created equal. Startling Statistics The numbers reveal … Continued
As a small business owner, you know securing financing can be critical to starting or growing your company. One term you’ll come across when applying for a loan is amortization. But what exactly does it mean and why does it matter? Let’s find out. The Basics of Loan Amortization Amortization refers to the process of … Continued
SBA has removed 504 Loan Program’s cap on lending for clean energy projects.
As a Michigan small business owner, establishing strong business credit should be a top priority. Good business credit opens up funding opportunities, provides flexibility, and enables you to grow on your terms. According to statistics from the SBA, only 0.01% of US businesses are classified as not being small in size. Here are tips to … Continued
Obtaining startup funding can seem incredibly daunting as a new entrepreneur. After all, only 9% of small businesses received no capital after applying for a loan according to Fundera. However, securing those critical startup loans or investments is very achievable if you lay the proper groundwork first. Use these key tips to get on the … Continued